Langford Jones Homes collapses, leaving hundreds of unfinished houses

At least 65 homeowners are in limbo as another Victorian house builder collapses under pressure from construction costs, supply chain delays and labour shortages.

Family-owned Langford Jones Homes is in liquidation owing 250 creditors more than $10 million.

Operators across the country are under stress.Credit:

The builder has projects in Melbourne’s bayside and south east suburbs and in Phillip Island.

Langford ceased trading last Thursday and appointed RSM Australia partners Jonathon Colbran and Richard Stone as liquidators.

The company’s collapse is another sign of an industry teetering towards crisis.

Operators across the country are under stress, with high-profile businesses like Metricon Homes struggling and top-tier construction firms like Probuild collapsing.

Landford’s demise follows another Victorian builder Snowdon Developments going into voluntary administration last week leaving 550 homes unfinished.

Snowdon has 262 creditors who are owed $17.8 million.

More to come

The Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion. Sign up to get it every weekday morning.

Most Viewed in Business

Source: Read Full Article